Study: U.S. Coal-Mining Companies Are Dependent on Cheap Federal Coal

first_img FacebookTwitterLinkedInEmailPrint分享Phil McKenna for InsideClimate News:The top three coal companies in the U.S. mine the majority of their coal, as much as 88 percent of their total production, from land owned and leased by the federal government, according to a report published Wednesday by the environmental group Greenpeace.The report, which detailed the companies’ dependence on subsidized, government-owned coal, came two months after Arch Coal, the second largest U.S. coal producer, filed for bankruptcy. On Wednesday Peabody Energy, the world’s largest private sector coal mining company, said in a financial report that it may also seek bankruptcy protection.Greenpeace obtained the information through a public records request for information about federal coal production for each of the companies and their subsidiaries in 2014. The group then compared this information to each company’s total coal production. The report added to existing knowledge of industry’s reliance on subsidized coal from federal lands or coal that is otherwise owned by the U.S. government.The report found that each of the three companies rely on federal coal for more than two-thirds of their production. Two of the companies, Cloud Peak Energy and Arch Coal, get more than 80 percent from federally leased land. At the same time, the companies have tried to block federal policies that threaten this business model.“These companies are attacking climate change policies, clean air rules, clean water rules and decry a so called ‘war on coal,’” said Joe Smyth, Greenpeace spokesperson and author of the report. “At the same time they depend to a huge extent on federal coal.”Government watchdogs said the report shines a light on longstanding policies favorable to coal companies. The federal government has provided the coal industry with more than $70 billion in tax breaks and subsidies since 1950, according to a 2009 report by Taxpayers for Common Sense. For years, companies have been granted access to the country’s immense public-land coal resource at prices well below market value. Study: U.S. Coal-Mining Companies Are Dependent on Cheap Federal Coallast_img read more

5 men who were trapped in a cave in Virginia have been rescued

first_imgCyclops Cave is on private property and the group did not have permission to enter. The men were found about 120 feet deep in the cave and were not carrying proper climbing gear. On Sunday, a group of men stuck in Cyclops Cave in southwest Virginia were safely rescued. Six men, ages 22 to 59-years-old, entered the cave on Friday with the intention to camp. The men became trapped in the cave when heavy rains made it difficult for them to escape. The youngest of the group was eventually able to exit the cave, alerting authorities to his brother, father, uncle, and two friends that were still trapped in the cave. The five men rescued were all taken to the hospital for suffering from hypothermia and exhaustion. last_img read more

Utopia Space in Fortitude Valley is under construction with 80% sold

first_imgUtopia Space in Fortitude Valley has officially turned the sod as construction kicks off on the 25 level, 300 residential apartment project.A FORTITUDE VALLEY residential development has started construction with young professionals snapping up apartments in the prime inner-city precinct.Utopia Space on Wickham St will eventually have 25 levels, making it one of the tallest buildings in the Valley and with prime rooftop entertaining space with skyline views.The project has been sitting on the backburner for a couple of years, waiting for the market to turn in its favour.Utopia Space in Fortitude ValleyUtopia development manager Bill Wang said the supply side of development in the area was cooling, with a number of other projects mothballed and building approval back to a historical average from its peak.“But the demand is still there, especially for high quality projects,” he said. “We believe that by the time we complete the construction, the market will be more balanced.“And job growth that has stemmed from the large number of commercial towers being constructed or proposed for the Valley will well support the project.”Utopia Space in Fortitude ValleyAimed at young professionals and downsizers, the $180 million Utopia Space will have 300 one, two and three-bedroom apartments starting from $399,000.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoThe rooftop space will provide an open air cinema and large barbecue communal area.With 80 per cent sold off-the-plan, construction is now underway, with the sod officially turned with red ribbon tied shovels, followed by dancing red lions.At the opening ceremony Central Ward councillor Vicki Ward spoke of the vibrant and growing suburb of Fortitude Valley and Sandt Developments Group chairman Tom Sun talked of his long time dream of Utopia Space that is about to come to fruition.Utopia Space in Fortitude ValleyDesigned by Queensland based Kowalski Architects and set to be built by well renowned Hutchinson Builders, Mr Wang said one of the key features that made Utopia Space stand out from the crowd was its location.“Location, location is always the number one priority when it comes to real estate,” he said.New apartments: Search for developments“Being central to the Valley precinct, Utopia is among some of the best Eastern and Western eateries and cultural hot spots.“It sits 100m from the Valley train station, has a number of bus routes it is proximity, public transport can never be this convenient.”Utopia Space in Fortitude ValleyMr Wang said the state of the art design and finishes would also set the development apart.Bi-folding doors open up to 90 per cent of the balcony space, and the project is using Japan’s most advanced nanoglass which shields heat by up to 67.1 per cent and keeps rooms up to 8.3 degrees cooler in summer.The advanced technology glass means that airconditioning costs are reduced and soft furnishings are protected from fading.last_img read more

P434-K ‘shabu’ seized in Bacolod buy-bust

first_imgBACOLOD City – Suspected shabu weighing about 31 grams valued at around P434,000 was seized in a buy-bust operation in Barangay  2. Drug suspects Elmann Mundo and Lloyd Lobaton stand handcuffed while an antidrug officer inspects items seized from them in an entrapment operation in Barangay 2, Bacolod City on May 31. POLICE STATION 2/BCPO The suspects were detained in the custodial facility of Police Station 2. The 39-year-old Elmann Mundo and 43-year-old April Lloyd Lobaton yielded the suspected illegal drugs, a police report showed.center_img Mundo and Lobaton – all residents of Barangay Estefania – were arrested after they sold suspected shabu to an undercover cop for P30,000 around 6:20 p.m. on May 31, it added. Charges for violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Act of 2002 will be filed against them./PNlast_img read more

Photos: Rawlings, old footballers pay last respect to Coach Arday

first_imgFormer president Jerry John Rawlings and host of members of the football fraternity on Friday paid their last respect to the late Coach Sam Arday  whose body was laid in state for public viewing at the Forecourt of the State House in Accra.The Multi-system man as he was affectionately called died on February 12, 2017, after a short illness. He was 71.Famed for his historic conquest of World at the U-17 level in 1995, Bronze title at Barcelona in 1992, Arday was also instrumental in winning titles with two of the biggest local clubs in Ghana- Hearts, Kotoko. He had stints with the Black Satellites, Meteors and Stars and prior to his death was the technical advisor of Wafa, formerly Gomoa Fetteh Feyernoord.His death is a major loss to the football fratenity and country at large and it was not surprising that key personalities were there to honour the memory of a fallen hero.A delegation of the Ghana Football Association was led by the Vice President, George Afriyie.Some of the top football personalities present included CK Akunor,, Tony Baffoe, Augustine Arhinful , Ali Jaharah all former players of the national  teams. Coach Sellas Tetteh,  former Hearts of Oak Chairman Harry Zakor, former PLB Chairman Mr Abra-Appia were also present.last_img read more